NFT Platform Opensea has collected $300 million in a Series C funding round led by Paradigm and Coatue. This funding round has pushed the market value of the platform to $13.3 billion.
NFT is the new realm that is attracting a lot of investors and institutions. In the previous year, we have seen tremendous growth in this space. The market which had only $100 million worth in 2020, has reached $23 billion industry. NFT Platform Opensea built on Ethereum is the largest marketplace in the NFT realm. In mid-November, a report revealed that Opensea is looking for investment.
NFT Platform Opensea collects $300 million:
NFT Platform Opensea has collected $300 million in a Series C funding round led by Paradigm and Coatue. The team says that the new funding will go toward “accelerating product development,” “significantly improve customer support,” “investing in the wider NFT and Web3 community,” and expanding the Opensea team. The funding round was led by Paradigm and Coatue, and a number of other strategic investors joined.
With this funding, the platform’s market valuation has reached $13.3 billion. The company has recorded $14.68 billion in sales across 1,387,357 traders worldwide. Sales are up more than 25% during the last 30 days with a recorded $2.91 billion in volume. The $14.68 billion in sales is a lot larger than any other NFT project or market.
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